Coeur Mining Stock Earnings Estimates Reduced by Scotiabank

Coeur Mining, Inc. (NYSE:CDE) – Equities researchers at Scotiabank dropped their FY2026 earnings per share estimates for shares of Coeur Mining in a research report issued to clients and investors on Wednesday, November 11th. Scotiabank analyst E. Winmill now anticipates that the basic materials company will post earnings per share of $0.78 for the year, down from their previous estimate of $0.88. Scotiabank currently has a “Sector Outperform” rating and a $23.50 target price on the stock. The consensus estimate for Coeur Mining’s current full-year earnings is $0.77 per share. Scotiabank also issued estimates for Coeur Mining’s FY2027 earnings at $1.20 EPS.

Several other analysts have also recently weighed in on the company. Roth Capital set a $19.00 price objective on Coeur Mining in a report on Friday, August 7th. New Street Research set a $23.50 target price on shares of Coeur Mining in a research report on Monday. Needham & Company LLC set a $23.50 target price on shares of Coeur Mining in a research note on Monday. Zacks Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Weiss Ratings cut shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.28.

Coeur Mining Price Performance

Coeur Mining stock opened at $14.32 on Friday. The business’s 50-day simple moving average is $16.98 and its 200 day simple moving average is $18.57. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 16.16 and a beta of 1.46. Coeur Mining has a 12-month low of $12.71 and a 12-month high of $27.77. The company has a quick ratio of 2.60, a current ratio of 3.79 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Coeur Mining had a return on equity of 8.12% and a net margin of 19.25%. The firm had revenue of $983.62 million for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm earned $0.23 EPS. The company’s revenue was up 77.4% compared to the same quarter last year.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds have recently added to or reduced their stakes in CDE. Versant Capital Management Inc boosted its holdings in Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after buying an additional 820 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Coeur Mining during the 2nd quarter worth about $26,000. Bullseye Investment Management LLC acquired a new position in shares of Coeur Mining during the 2nd quarter worth about $33,000. DiPaolo Financial Group Inc. bought a new stake in shares of Coeur Mining in the 3rd quarter valued at about $38,000. Finally, Heritage Family Offices LLP bought a new stake in shares of Coeur Mining in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity

In other news, CFO Thomas Whelan sold 6,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total value of $125,220.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Casey Nault sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the transaction, the executive vice president owned 540,086 shares in the company, valued at $10,801,720. This represents a 1.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 51,000 shares of company stock valued at $1,055,070 in the last 90 days. 0.90% of the stock is owned by company insiders.

Coeur Mining Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Monday, November 30th will be given a dividend of $0.02 per share. The ex-dividend date is Monday, November 30th. This represents a dividend yield of 27.0%. Coeur Mining’s payout ratio is presently 4.60%.

About Coeur Mining

Coeur Mining, Inc. is a precious metals producer focused on the exploration, development and operation of mines. The company primarily produces silver and gold, with its output also including related metals. Coeur operates mines in the United States and Mexico. Its portfolio includes silver-and-gold operations as well as gold-focused mines, and the company also conducts exploration to identify and develop mineral resources. Founded in 1928, Coeur Mining is headquartered in Chicago. Mitchell J. Krebs serves as the company’s president and chief executive officer.